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Press Release: The Future of Imaging Technology is on Display at Canon
EXPO 2005 in New York; With A New Corporate Slogan For The Americas, Canon
imageANYWARE, Company Sets to Create Borderless Environment of People, Devices,
Images, and Information

Sept. 14, 2005--Canon today embarks on a global
technology tour beginning in New York known as "Canon EXPO 2005," to also take
place in Paris and Tokyo later this year, showcasing the most comprehensive
display of current and futuristic imaging technology from the global R&D and
patent leader. Canon U.S.A. also launches a new corporate slogan for the
Americas, "Canon imageANYWARE," representing the Company's initiative to create
a borderless environment of people, devices, images and information.

"Canon EXPO 2005 shows the world that our imaging
innovation virtually knows no limits," said Joe Adachi, president and chief
executive officer of Canon U.S.A., Inc. "With the impact digital advancements
have had on imaging technology in recent years, the future holds much promise in
enriching our personal and work lives even further. In this future Canon
imageANYWARE creates a borderless environment between people and devices where
images and information are exchanged in a way that lets us live and work the way
we want, virtually anytime, anywhere."

Canon EXPO 2005 in New York is an over 150,000 square
foot exhibition(1) of consumer, business, and industrial imaging technology. In
addition to emerging technology demonstrations that give a glimpse of the future
of digital imaging and workflow, Canon is making official announcements in the
High Definition (HD) recording and Commercial Print categories.

High Definition Capture and Display

Today Canon introduces its first High Definition (HD)
Camcorder for electronic newsgathering, sports and episodic television, as well
as documentary and feature filmmaking applications. The three CCD XL H1 High
Definition Camcorder delivers crisp high-definition video at 1080i resolution
and features selectable frame rates of 60i, 30 Frame and 24 Frame, and can
switch back to SD resolution if needed. These features allow the user to adjust
to the assignment at hand.

Built into the camcorder is Canon's professional
jackpack terminals, which includes features like uncompressed digital HD-SDI
output for seamless integration into broadcast studios or high-quality image
transfer to non-linear editing systems. The Genlock feature allows movie sets to
easily synchronize camera settings across multiple camcorders and SMPTE
time-codes in-and-out allow for streamlined tape and edit
management.

The XL H1 High Definition (HD) camcorder is being
shown at Canon EXPO in a technology demonstration that also includes SED flat
panel television displays jointly developed by Canon and Toshiba.

"The anticipation surrounding Canon's entry in the
High Definition Video Camcorder space is now over. The new XL H1 comes to market
just at the right time, as the HD transition accelerates, making a similar
impact as the very successful XL Series that preceded it," continued Adachi.
"When demonstrated with our future SED flat panel television displays, it is
literally clear to see that Canon will play a significant role in bringing
outstanding HD broadcast content and display technology to our
customers."

The XL H1 camcorder will be available in November for
an estimated selling price of $8,999*.

Introducing Canon imagePRESS(TM) Brand for Digital
Color Print

Canon U.S.A. today also unveils a new brand for the
Americas for its future line of high-end, high-quality digital press devices:
Canon imagePRESS. The new imagePRESS brand was developed to significantly expand
Canon's presence in the color production and commercial graphic arts printing
markets, where customers such as creative services companies, advertising
agencies, design firms and marketing departments all require best-in-class color
and image quality. Also fueled by the digital color requirements of the
commercial print and graphic arts markets, imagePRESS strategically expands the
high-end digital printing portfolio of the industry's leading and most
successful quality color equipment manufacturer.

"Canon's brand is synonymous with color quality. Since
the introduction of the CLC 1 in 1987 we have led the U.S. color copier/printer
market in market share for 18 years running**. The new imagePRESS brand builds
on this successful heritage in color document production, giving a market with
limited choices the assurance of choosing Canon," remarked Adachi.

Emerging Technology

On display at Canon EXPO are several conceptual
examples of "CrossTechnology," where comprehensive sets of imaging and
collaboration technologies are distributed around an enterprise and integrated
into devices at the chip level. Specific applications include "CrossMedia,"
focusing on Canon's advancement in color science, and in delivering
super-accurate color across devices, "CrossService," demonstrating how
intelligent devices will soon be working together to provide a rich network of
intelligent workflow and powering new levels of connectivity,
multi-functionality and the next phase in the evolution of Canon MEAP(R)
(Multifunctional Embedded Application Platform) technology, and "CrossPerson,"
demonstrating how Canon is expanding the boundaries of collaboration and
information flexibility.

Medical, Semiconductor, and Broadcast
Technologies

As a leader in the Medical, Semiconductor, and
Broadcast fields, Canon will display current and emerging technologies in each
area. Attendees will have the opportunity to learn how Canon is partnering with
a wide range of industries to deliver state-of-the-art solutions in these
fields.

Environmental Activities

Canon places the utmost importance on achieving a
sustainable harmony between the environment and its corporate activities. In
addition to presenting Canon's future environmental solutions, Canon EXPO 2005
will also showcase current environmental conservation initiatives. Technologies
that dramatically reduce the energy required to power office and consumer
products will be on display. In addition, Canon's resource conservation
initiatives and systematic approach to chemical substance control in its
manufacturing process and finished products will also be on
display.

About Canon Inc.

Canon Inc. (NYSE: CAJ), headquartered in Tokyo, Japan,
is a leader in the fields of professional and consumer imaging equipment and
information systems. Canon's extensive range of products includes copiers,
inkjet and laser printers, cameras, video equipment, medical equipment and
semiconductor-manufacturing equipment. With over 100,000 employees worldwide,
Canon has manufacturing and marketing subsidiaries in Japan, the Americas,
Europe, Asia and Oceania; and a global R&D network with companies based in
the United States, Europe, Asia and Australia. Canon's consolidated net sales
for fiscal 2004 (ended December 31, 2004) totaled $33.3 billion (at an exchange
rate of 104 yen = US$1). Visit the Canon Inc. website at: www.canon.com/index.html.

About Canon U.S.A., Inc.

Canon U.S.A., Inc. delivers consumer,
business-to-business, and industrial imaging solutions. The Company is listed as
one of Fortune's Most Admired Companies in America and is rated #35 on the
BusinessWeek list of "Top 100 Brands." Its parent company Canon Inc. (NYSE:CAJ)
is a top patent holder of technology, ranking third overall in the U.S. in 2004,
with global revenues of $33.3 billion. For more information, visit www.usa.canon.com.

All referenced product names, and other marks, are
trademarks of their respective owners.

All specifications subject to change without
notice.

* Pricing subject to change at any time. Actual prices
are determined by individual dealers and may vary.